The dollar steadied near the previous day's two-week high versus a basket of currencies on Wednesday, propped up by growing expectations that U.S. interest rates may not be cut again this month. In minutes from its September meeting, released on Tuesday, the Federal Reserve said the 50 basis point rate cut then had been prompted by worries that a credit crunch and financial market disarray could hit the U.S. economy. As data released since that meeting -- including a big upward revision to August payrolls figures -- has painted a less negative picture of the U.S. economy, some analysts said the Fed may be less likely to administer another cut as soon as Oct. 31. St Louis Fed President William Poole said on Tuesday that the jobs report showed the outlook for the U.S. economy is not darkening as some had feared, but conditions remain fragile. A slightly more upbeat view on the U.S. economy has helped the dollar recover from record lows versus the euro and a basket of major currencies set at the start of last week "As expected they (the Fed minutes) focused a lot on the credit turbulence and the housing market as their two main problems," said Henrik Degrer, currency analyst at SEB. "If we look at what's happened since the meeting ... to me it seems that there is less of an iminent need for them to cut rates any time really soon. So the picture is a bit less dovish now," he added, noting that this was supporting the dollar.